Short Interest in WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Drops By 48.7%

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 180,800 shares, a drop of 48.7% from the October 15th total of 352,500 shares. Based on an average daily volume of 498,400 shares, the days-to-cover ratio is presently 0.4 days.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

Shares of DGRW stock traded down $0.54 during mid-day trading on Thursday, hitting $84.16. 614,937 shares of the stock were exchanged, compared to its average volume of 568,933. The stock’s fifty day simple moving average is $82.96 and its two-hundred day simple moving average is $79.74. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 24.83 and a beta of 0.88. WisdomTree U.S. Quality Dividend Growth Fund has a 12-month low of $66.37 and a 12-month high of $85.89.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, October 28th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, October 28th.

Institutional Investors Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Hedge funds have recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the third quarter worth about $34,000. Fairman Group LLC acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the second quarter valued at about $39,000. Concourse Financial Group Securities Inc. lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 751.7% in the second quarter. Concourse Financial Group Securities Inc. now owns 511 shares of the company’s stock valued at $40,000 after purchasing an additional 451 shares during the period. Lynx Investment Advisory acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the second quarter valued at about $48,000. Finally, Coastline Trust Co acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the third quarter valued at about $66,000.

About WisdomTree U.S. Quality Dividend Growth Fund

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.